Brokers employed by the company search through mortgages across the entire UK market, not just the major high-street banks, reports Edinburgh Mortgage Broker
Edinburgh, UK -- (SBWIRE) -- 05/28/2015 -- Individuals often find mortgage brokers search mortgages strictly across the major high-street banks, yet Edinburgh Mortgage Broker (http://edinburghmortgagebroker.co.uk) presents whole-of-market mortgage advice to ensure clients obtain the most suitable mortgage deal for their individual circumstances. Clients making use of the service find they obtain a great deal as a result and save money over the life of the loan. This is of great concern as Scottish house prices have increased by almost 15 percent over the past year, according to Scottish Express.
"Consumers often wonder if the headline rate offered by the bank really is the best deal available, as a mortgage is one of the biggest financial commitments an individual will make in their lifetime. Making the wrong decision when it comes to one's mortgage can be very costly. Edinburgh Mortgage Broker works to ensure every client obtains the best deal for their unique needs, whether they are a first time home buyer, someone looking to purchase a new home or someone who wishes to refinance and obtain a better rate," Graham Cox, spokesperson for EdinburghMortgageBroker.co.uk, explains.
Within the past 12 months, Scotland has seen a record number of homes priced at more than £1 million sell, although the average home price was £207,000. Experts believe this is due in large part to increasing confidence in the market along with the No vote to the independence referendum held in 2014. Prior to changes to the stamp duty, successful mortgage applications also increased significantly, by almost 50 percent.
Most homeowners (edinburghmortgagebroker.co.uk/moving-home) will choose to sell their current residence at some point and purchase a new one. Individuals choosing to do so need to be aware of certain fees which may affect the cost of selling the home, such as the early repayment charge and the mortgage repayment administration fee. Sellers often fail to realize there are ways to save on these fees, and EdinburghMortgageBroker.co.uk works with clients to keep the fees reasonable, Cox continues.
The new land and building transaction tax affects only those homes which cost more than £333,000, and this will be of help to many first time home buyers (edinburghmortgagebroker.co.uk/first-time-buyer). With the average selling price coming in below this, the tax that replaced the stamp duty hopefully won't affect them. This doesn't mean a first time buyer doesn't have to take care, however, when purchasing a home.
"One must account for various ancillary expenses when purchasing a home, including the mortgage arrangement and valuation fees. Furthermore, the buyer must be aware of help to buy schemes offered in the country. Edinburgh Mortgage Broker works with clients to explain any fees that may affect their purchase, any schemes which may be of help and more, regardless if they are opting to buy their first home, their fifth or refinance their current one. Every consumer deserves a great deal and we are committed to providing it," Cox announces.
Gregor McMeechen, a fully trained professional mortgage and protection consultant, operates Edinburgh Mortgage Broker to assist clients in finding the right mortgage deal for their needs. He continues to undergo training to ensure the best service at all times and offers a customer focused, high quality service. He searches for the right solution for each client, taking their individual needs into account.